Innovative Industrial Properties, Inc.: stock overview
Price
$53.02
November 13, 2026Market cap $1.5B
What Ploutos Investor adds for Innovative Industrial Properties
Part of Ploutos Investor, €9.99 a month
- The full history: 9 fiscal years, from 2017
- The estimated fair value, with its range and its certainty
- The full analysis, 18 a month
- More questions to the chat on its filings
- Excel with every year
- An email when it reports, changes its dividend or an officer buys
Sign in with a free account to see the last 5 fiscal years.
In short
Innovative Industrial Properties had revenue of $264M over the last 12 months and net income of $140M, a net margin of 53.2%. Revenue grew by 17.9% a year on average over the last 5 years. At $53.02 the shares trade at a P/E of 10.6, against a median of 17.5 over the last 5 fiscal years. It has net debt of $554M. It pays a dividend yielding 14.33%.
From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.
Its SEC filings- Market cap
- $1.5B
- 28.14M shares
- P/E
- 10.6
- Today10.6Median17.5
- Revenue, 12 months
- $264M
- +17.9% a year over 5 years
- Net margin
- 53.2%
- 2025: 44.5%, above 90% of its industry
Worth knowing
What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.
3 fiscal years in figures
Each fiscal year's figures as the company filed them, and the share price at its end.
-7.3% a year over 2 years
Fiscal years in figures
IIPR's revenue, profit, cash flow and dividend with each year-end price, from 2017 to 2022, 6 more fiscal years
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Key figures
The company's current figures in five groups. Each term is explained behind its ⓘ.
Valuation
- Market cap 3-year median: $1.9B
- $1.5B
- Enterprise value
- $2.0B
- P/E 3-year median: 12.1
- 10.6
- EV / EBIT
- 15.1
- EV / Revenue
- 7.8
- P/B 3-year median: 1.0
- 0.9
- FCF yield
- –
- Earnings yield 3-year median: 8.3%
- 9.4%
Profitability
- Operating margin
- 51.4%
- Net margin 3-year median: 52.4%
- 53.2%
- ROIC
- 5.0%
- ROIC, 5-year average
- 6.4%
- ROE
- 7.6%
Growth
- Revenue, yearly change
- -13.8%
- EPS, yearly change
- -28.8%
- FCF, yearly change
- –
- Revenue, average a year
- +17.9%
- EPS, average a year
- +3.8%
The yearly change compares FY2025 with FY2024.
Balance sheet
- Cash
- $142M
- Total debt
- $696M
- Net debt
- $554M
- Net debt / EBITDA
- 2.6x
- Interest cover
- 4.1x
- Current ratio
- –
Balance sheet of September 30, 2026.
Returns to shareholders
- Dividend yield 3-year median: 11.3%
- 14.33%
- Buybacks
- 1.35%
- Total returned
- 15.68%
- Shares, yearly change
- -0.7%
Against its industry
Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 65).
Operating margin
46.7%
Above 93% of the 38 companies in its industry, and 97% of all.
Net margin
44.5%
Above 90% of the 55 companies in its industry, and 97% of all.
ROE
6.4%
Above 59% of the 48 companies in its industry, and 47% of all.
ROA
5.0%
Above 88% of the 56 companies in its industry, and 72% of all.
Revenue growth
-13.8%
Above 14% of the 53 companies in its industry, and 7% of all.
From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.
The company at the SEC
How it is registered and when its fiscal year ends.
- Name at the SEC
- INNOVATIVE INDUSTRIAL PROPERTIES INC
- CIK
- 1677576
- Exchange
- NYSE
- Industry (SIC)
- 6500 · Real Estate
- Fiscal year ends
- December 31
- Latest annual report
- December 31, 2025
- Reporting currency
- USD
- Shares
- 28.14M
Other companies: Real estate
The largest companies of the same sector, each with its own page.
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The full analysis
What do Innovative Industrial Properties's filings show?
These are Innovative Industrial Properties's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.
- A fair value range built from the filings
- Earnings quality, debt and red flags
- Insider and institutional moves
- The case for and the case against
What is IIPR's market cap?
Innovative Industrial Properties, Inc.'s market cap is $1.5B, at a price of $53.02 on November 13, 2026 and 28.14M shares.
What is IIPR's P/E?
IIPR's P/E is 10.6, on earnings per share of $4.43 over the last 12 months. The median over the last 5 fiscal years was 17.5.
How much revenue does IIPR have?
Innovative Industrial Properties had revenue of $264M over the last 12 months. Over the last 5 years it changed by +17.9% a year on average.
Does IIPR pay a dividend?
Yes. Innovative Industrial Properties paid $7.60 per share over the last 12 months, a yield of 14.33% at today's price. All the figures are in the Dividend section.
Where do the figures come from?
From Innovative Industrial Properties, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.
Related pages
The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.
The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.